NZ dollar gains as Australian data, RBA loom, rises vs. euro

Mon, 04 Mar 2013

March 5 (BusinessDesk) – The New Zealand dollar, recovering from a dip late yesterday, gained as traders await Australian retail sales, current account figures and the Reserve Bank’s policy review for a take on the strength of the nation’s biggest export market. The New Zealand dollar rose to 82.72 US cents from 82.11 cents at 5pm in Wellington yesterday. The trade-weighted index climbed to 76.05 from 75.57. Australia’s current account surplus widened to A$15.35 billion in the fourth quarter from A$14.9 billion three months earlier, while re...

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